MARKETING FOR 21TH CENTURY Tomáš Jelínek, UMM Marketing Today ● ● ● ● Technology, Global Market, Social Media, Converging Industries, Elimination of Middlemen, Almost everyone is studying or teaching marketing. Modern societies are overwhelmed by information. EU strates redistribute almost 50 % GDP (China 33 %), growing regulation 2 Marketing Definitions ● D "Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating, offering, and freely exchanging products and services of value with others." (Source: Kotler & Keller, Marketing Management, 15th Edition) ● "The action or business of promoting and selling products or services, including market research and advertising." 3 Marketing can be applied to ● Goods ● Places ● Services ● Corporations ● Events ● Brands ● Experiences ● Ideas ● People ● ??? 4 What demand we can face ● Negative demand ● Non existent ● ● ● Irregukar/cyclical demand Latent ● Full demand Decreasing ● Excess demand ● Unwanted demand (abuse of pseudoephedrin) 5 Different markets ● Mkt of resources ● Eropean/Asian mkt ● Mkt of producers ● Car mkt ● Governemt mkt. ● Mkt for elderly ● Mkt of intermediaries ● Mkt of consumers 6 From a need or wish to demand ● ● ● Expressing needs – I am expressing myself but I do not know what I want Real needs – it should be clear to a good trader Unexpressed needs – it should be clear to a good trader ● Special needs – investment into future relations ● Secret needs – I do not want to talk about it 7 Other marekting concepts ● Mkt segmentation, placing of my product, final mkt ● Brand value ● Value for the client – quality, service, price ● Communication, distributon and support channels ● Marketing across supply chain ● Competition ● Marketing environmnet – playground for your goods and services 8 Strategies evolution ● Production concept ● Product concept ● Sales concepts ● Marketing concepts ● Holistic Marketing Concept – Performance marketing – Relationship marketing – Internal marketing – Integrated marketing 9 Marketing 4P ● Product ● Price ● Place ● Promotion / Communication 10 How would you do marketing for a personal trainer? 11 The best way to study marketing is to have your own project! 12